SG Biofuels Adds Bunge Alliance
Encinitas, CA-based SG Biofuels says it has established a strategic partnership with Bunge North America to research and develop a method for processing the oil-laden seeds of the Jatropha shrub into biofuels. Bunge North America is the operating arm of Bunge Ltd, a Bermuda agribusiness with headquarters in White Plains, NY. Bunge (NYSE: BG) is a global soybean exporter, food processer, commodities trader, and fertilizer producer. In its statement, the suburban San Diego biofuels startup says its alliances with Bunge, Life Technologies, and Flint Hills Resources, provides a fully integrated platform from which its customers can produce Jatropha oil.